Chris Jones: Second City is on the auction block. Why Chicago has much to lose.

So Second City, Chicago's beloved comedy theater in Old Town, is up for sale. This has happened once before. But the possible loss of local ownership, or any diminishment of the institution as a whole, should set off alarm bells within the business community, tourism agencies and the offices of both the governor and the mayor. Not to mention the hearts of ordinary Chicagoans.

In America, most entertainment is developed, packaged and produced in either Los Angeles or New York City; the coastal elites designate the rest of the country merely as marketplaces to sell their stuff. Unless some TikTok kid smacks them in the face hard enough to merit a plane ticket to La La Land, or